15 August 2012 By Danny Bance

People considering buying a property in Malaysia for investment purposes need to think about all the financial aspects of the transactions.

This is the advice of Michael Yeoh, a specialist in finance, loan and planning at Golden Millennium Consultancy, who told delegates at the Property Investment Seminar that it is important to understand the country's mortgage market, the Borneo Post reported.

"Investors need to have a good knowledge about buying and selling property, about financing a property and the legal aspects," the newspaper quoted him as saying.

Mr Yeoh added that investors need to be prepared to look around for the most suitable property investments, and choose assets that meet their goals in terms of profit expectations.

Earlier this month, the Sun Daily reported that the Malaysian Developers' Association warned the country's government altering the real property gains tax or making changes to stamp duty could negatively impact the real estate sector.

The organisation claimed increasing taxes would result in fewer foreign investors buying property in Malaysia and would also affect domestic sales.